Definition 1.
A firm engaged in two or more unrelated businesses.
|
Definition 2.
A company that consists of a grouping of businesses from unrelated streams.
|
Definition 3.
A corporation consisting of several companies in different businesses. Such a structure allows for diversification of business risks, but the lack of focus can make managing the diverse businesses more difficult.
|
Definition 4.
A company engaged in a variety of businesses. Conglomerates were very big in the 1960s and 1970s, but in the 1980s many were dismembered when investors realized the whole was worth less than the sum of the parts.
|